Today
Lendlease sells down Asia venture amid campaign for overhaul
The $147 million sale of a stake in its life sciences business comes amid activist investor demands for the property giant to pull back from overseas markets.
- 33 mins ago
- Nick Lenaghan
This Month
- Exclusive
- Property development
Developer Avid flags $1.4b land lease housing play
The privately owned developer that acquired Villa World in 2019 has expanded into the fast-growing land lease business. At scale.
- Michael Bleby
Developers cash in as investors spend big on fast food and childcare
Nearly $50m was splashed by investors at a commercial property auction in Sydney, of which almost half was spent on fast food outlets on long leases.
- Larry Schlesinger
For $490 million, last private land in Arctic archipelago can be yours
The massive tract of land could be an investment project for a high-net-worth individual looking to make an impact as an environmentalist.
- Sarah Rappaport
- Investigation
- Rich List
For this Rich Lister, does the reality live up to the hype?
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
- Primrose Riordan and Nick Bonyhady
Property giant GPT slammed as too ‘woke’ for growth
GPT’s chair Vickki McFadden has defended the company’s efforts on environmental and social issues at its annual shareholder meeting.
- Nick Lenaghan
- Opinion
- Chanticleer
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
- James Thomson
The overlooked asset class that could set you up for retirement
Residential property investment is good for accumulating wealth, but commercial property will provide retirees with a better income stream.
- Michelle Bowes
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
- Larry Schlesinger
Victoria has become a poor state: economist Saul Eslake
The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.
- Michael Bleby
Americans went all-in on self-storage. That demand is suddenly cooling
One of the reasons for the drop in demand for self-storage units is that people aren’t relocating as much as they did during the pandemic.
- Martha C. White
Lagging real estate stocks have dipped too far, analysts say
A growing sense of confidence about US borrowing costs makes analysts covering the industry’s stocks expect a 15 per cent rally in the next 12 months.
- Norah Mulinda
- Exclusive
- Hotels
Adgemis, fighting fires, now has the Tax Office at his door
The Tax Office is knocking on the door of Jon Adgemis’ embattled pub group for more than $10 million as the former KPMG rainmaker attempts to save his empire.
- Max Mason and Primrose Riordan
Singapore’s offices await a new wave of tenants
An eight-year cycle in which the tech industry provided demand for working space is coming to an end. Landlords don’t know who their next tenants will be.
- Andy Mukherjee
Crown Group’s divorce nears finish as assets get divvied up
Since liquidators were appointed to Crown Group, the founders have bought assets from each other while selling unfinished projects to repay lenders.
- Campbell Kwan
- Exclusive
- Affordable housing
Addenbrooke sells site meant for controversial land swap deal
The property developer has sold the Sydney site that sparked a reshuffle of the A2B board, ending an almost three-year saga.
- Campbell Kwan
Planning delays transformed into social housing solutions at Toga
Property developer Toga turns vacant apartments and retail spaces in projects awaiting planning approval into pop-up accommodation for vulnerable communities.
- Larry Schlesinger
Ventia creates careers for people with disabilities
ASX-listed infrastructure services company Ventia has increased the representation rate on some government contracts to 9 per cent.
- Larry Schlesinger
April
Another 10pc fall tipped for office tower values before bottoming
CBD office tower values have been battered by the shift to remote and flexible work, uncertain business conditions and high rates.
- Nick Lenaghan
- Opinion
- Chanticleer
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
- James Thomson
